London Road, Leigh-on-Sea, SS9 2UR
£258.80 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,449 sq ft
135 sq m
- SECTOR
Out-of-town retail property for sale
Description
LOCATION
The premises are located on the south side of the London Road (A13) and a short distance to the east of its' junction with Thames Drive.
DESCRIPTION
The Freehold comprises of:
1484 London Road
A ground floor self-contained commercial unit that is let on a full repairing and insuring 5 year lease from July 2022 at a rent of £12,000 per annum to a local covenant. The landlords hold a 3 month rent deposit. Tenant's option to break at year 2.
1488 London Road
A ground floor retail shop that is let to Hidden Hearing Limited on a lease until 2027 producing a current rent of £11,600 per annum. Hidden Hearing Limited was formed in 1986 and have traded from this location since June 2012.
1486A London Road (Residential Flat)-
Sold on a long leasehold from August 1997 for a length of 199 years
Annual ground rent- £21
1486B London Road (Residential Flat)
Sold on a long leasehold from May 1978 for a length of 199 years
Annual ground rent- £25
1486C London Road (Residential Flat)
Sold on a long leasehold from May 1979 for a length of 199 years
Annual ground rent- £25
1486D London Road (Residential Flat)
Sold on a long leasehold from January 2016 for a length of 125 years
Annual ground rent- £250
Garage rear of 1484 London Road- Let on a monthly tenancy agreement and achieves £47 PCM
Garage rear of 1488 London Road- Let on a monthly tenancy agreement and achieves £47 PCM
TOTAL INCOME: £25,049 Per Annum
ACCOMMODATION
1484 London Road
SHOP
WIDTH 5.88 m (narrowing after x 4.07 to 4.94)
DEPTH 8.06 m
REAR SALES 4.36 m. x 4.19 m. (incorporating two treatment rooms - may be removed)
KITCHEN
W.C.
GROSS INTERNAL FLOOR AREA 66.87 M ( 720 SQ.FT.)
EXTERNALLY
Forecourt to front
1488 London Road
GROUND FLOOR RETAIL PREMISES WITH A GROSS INTERNAL FLOOR AREA OF 729 SQ.FT. ( 67.5 SQ.M.)
1486A, 1486B, 1486C & 1486D
4 residential flats sold on long leaseholds
2 Garages rear of 1484-1484 London Road
TERMS
Freehold for sale (subject to Section 5 notices on the long lessees)
OUTGOINGS
1484 London Road
The rateable value is £8,700 which is chargeable at 49.6p in the pound for the rating year to April 2024. Small business rate relief may apply. The lease provides for the commercial tenant to pay the business rates.
1488 London Road
The rateable value is £7,900 which is chargeable at 49.6p in the pound for the rating year to April 2024. Small business rate relief may apply. The lease provides for the commercial tenant to pay the business rates.
VAT
VAT is not payable on the purchase price.
LEGAL COSTS
Each party to be responsible for their own legal costs.
SERVICE CHARGE
The leases will provide for recovery of a service charge by the freeholders.
VIEWING
Viewing via prior telephone appointment with Hair and Son: .
Brochures
London Road, Leigh-on-Sea, SS9 2UR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leigh-on-Sea Station0.6 miles
- Chalkwell Station1.8 miles
- Westcliff Station2.7 miles
About Hair & Son, Commercial
200 London Road, Westcliff-On-Sea, SS1 1PJ
Hair & Son's Commercial Department is headed up by Diane Tait, Associate Partner in her 32nd year within the firm's Commercial Department. As a department, they have been serving commercial landlords and tenants in the borough for in excess of 40 years and boast a wealth of specialist knowledge in the Essex and East London market. The department provides agency support to Hair & Son's numerous management clients together with many other local and provincial landlords and tenants. The departme
Notes
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